1031 Exchange and Capital Gains

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Name:Steven Hickox
Location:Denver, Colorado, United States

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Thursday, April 06, 2006

1031 exchange land for business

Dear 1031x.com: Can I exchange a rental property for a business (buying re-sale  auto car business)??
Dear S:  You must trade real estate for real estate.  In your example, if the business has a real estate component to it then a 1031 exchange would defer taxes.   This is especially true if the real estate component is at least a large (in value) as the property you are selling.  I hope you will use us for your 1031x.  Sncerely, 

Steve Hickox
Attorney / President

posted by Steven Hickox | 11:17 AM